Lump Sum Deposit

notabene

Frequent Poster
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359
I am looking to put a lump sum on deposit for a period of time - it will more than likely be used for a house deposit but not sure when that will be - could be six months - could be 2 years depending on how things go over the next few months. It will be in excess of the 100k bank guarantee limit - what are some of the options for it - I realise it will likely have to be split up and am not expecting any interest in the short term as rates are rubbish and it is probably more prudent to keep it accessible for the next year or so anyway.
 
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4,796
If you don't know when you will need the funds you are obviously best to stick with an instant access deposit accounts.

Have a look at the best buy thread and split the amount over a few accounts not exceeding the 100k per financial institution.
 
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